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Columbus, In

Updated Jul 31, 2025

Dan Andrews Of Tempus Realty Partners Acquires Industrial Portfolio Across Four U.S. Cities For $40.3M
SOLDIndustrial

Dan Andrews Of Tempus Realty Partners Acquires Industrial Portfolio Across Four U.S. Cities For $40.3M

$40,300,000

$70/SF

Building Size

574,548 SF

Asset Type

Industrial

Closing

Jul 30, 2025

About this deal

AI

A $40.3 million industrial portfolio has been sold, encompassing 73 acres and totaling 574,548 square feet. The acquisition includes properties located in Columbus, Indiana; Hilliard, Ohio; Philipsburg, Pennsylvania; and Huntsville, Alabama. The pay-per-square-foot rate stands at $70. The portfolio features tenants such as Duravent Group and Kassel Mechanical.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $40,300,000
  • Buyer: Dan Andrews
  • Agency: Tempus Realty Partners
  • Asset Size: 574,548 SF
  • PPSF: $70
  • Market Locations: Columbus, Indiana; Hilliard, Ohio; Philipsburg, Pennsylvania; Huntsville, Alabama

Tempus Realty Partners, led by Dan Andrews, has reinforced its strategy by acquiring this portfolio, marking its second acquisition in 2025. The firm focuses on stable, quality industrial assets in secondary markets.

Players

Dan Andrews

Tempus Realty Partners

Buyer

$198.8M

vol

5 deals

Buyer
TP
Tempus Realty PartnersBuyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $70 per square foot on a published $40.3M for 574,548 square feet (2025).

Visit Dan Andrews to view all their deals.

Browse Indiana industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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